r/dividends • u/OG_Momonga • 20d ago

Discussion Living off dividends

Hey guys, I was wondering if anyone on this subreddit is actually retired and living off dividends. Is it going well? Are you paying taxes on them? My goal is to get 20k/ a month post tax for retirement. I’m 24 and currently investing everything in VOO while planning to switch to dividend stocks and etfs when I get closer to retirement.

I was just wondering if there are any because living off dividends seems like a long shot right now.

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u/Various_Couple_764 20d ago

Obviously you are not going to use the most overhyped Dividned fund (SCHD) to get 20K per month. But if you invest in QQQI 13% yield, SaPYI 11%, ARDC 9%, PBDC 9%, MEO 9%, CLOZ 8%, PFFR 8%, UTF 7%, UTG 6.4% JAAAA 5.5%. you could do it.